Symform Cloud Storage Gets $4Million VC Funding


Posted on 1st July 2010 by cloudhostingguy in Cloud Hosting

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Symform closed late last night a $4 million round of venture capital financing led by Longworth Venture Partners, the startup said Wednesday. Symform is a developer of a distributed network framework for data backup and disaster recovery for small and midsize businesses.

“Symform’s unique cloud storage technology puts premium value on commodity hardware residing in millions of business locations worldwide while giving IT resellers a ‘must-have’ offering for their SMB customers,” said Longworth Venture Partners’ Nilanjana Bhowmik in a statement.

“We love Symform’s disruptive market position and we’re confident in its future success,” said Bhowmik. The startup released Symform Version 2.0 in June and expects to double its growth in 2010. Pretty good for starting in the Fall of 2009.

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